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Old 10-17-2012, 07:38 PM
 
Location: Portland, Oregon
46,001 posts, read 35,220,208 times
Reputation: 7875

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Quote:
Originally Posted by t206 View Post
Talking about ignoring facts, you are choosing to ignore the fact that average incomes are down to their lowest since the early 90s. You can add all the jobs you want, but when pay is so incredibly low, something is wrong.

And besides all of that, its not like Obama created any jobs other than some government jobs.
Pay for the middle class has been on a downward slide since the 70s, is this somehow a new thing for you that you didn't know about? I have been saying for a long time now we need to increase the minimum wage and attract higher paying jobs to the country while taxing companies that send jobs overseas....now the question is, would Congress ever do anything like that or are they gonna continue to sit on their hands and do nothing? My money is on the hand sitting.
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Old 10-17-2012, 07:52 PM
 
12,772 posts, read 7,990,107 times
Reputation: 4332
Quote:
Originally Posted by urbanlife78 View Post
Pay for the middle class has been on a downward slide since the 70s, is this somehow a new thing for you that you didn't know about? I have been saying for a long time now we need to increase the minimum wage and attract higher paying jobs to the country while taxing companies that send jobs overseas....now the question is, would Congress ever do anything like that or are they gonna continue to sit on their hands and do nothing? My money is on the hand sitting.
According to this chart with data from the US Census Bureau, household income adjusted for inflation has fallen each year since 2008, and the last time it was this low was 1995.

Median Household Income History in the United States

Raising minimum wage is only going to either make products/services more expensive and/or even further limit companies from hiring new people, or possibly lay off more people.
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Old 10-17-2012, 08:11 PM
 
993 posts, read 833,191 times
Reputation: 252
Quote:
Originally Posted by urbanlife78 View Post
They want a one term president so of course they are gonna ignore the facts that the economy is getting better. After all, the Republicans did make their number one priority was getting rid of Obama, not put Americans back to work....talk about a very selfish party that I enjoy seeing lose on election nights.
That statement by a republican was made almost two years into his failed presidency when it became obvious that he needed to be ousted to turn the economy around.
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Old 10-17-2012, 08:33 PM
 
Location: West Michigan
12,372 posts, read 9,324,900 times
Reputation: 7364
Quote:
Originally Posted by SourD View Post
Well, when you count mowing a lawn for 10 bucks full employment, I would say that the game is rigged.
Considering many Republicans including Mitt want to do away with the minimum wage and work place regulations, $10 an hour is going to look like a lot of money in four years, should he get elected.
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Old 10-17-2012, 08:38 PM
 
12,772 posts, read 7,990,107 times
Reputation: 4332
Quote:
Originally Posted by Wayland Woman View Post
Considering many Republicans including Mitt want to do away with the minimum wage and work place regulations, $10 an hour is going to look like a lot of money in four years, should he get elected.
There is plenty of research and economic theory out there showing that artificially setting a minimum wage is bad for many reasons.
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Old 10-17-2012, 09:08 PM
 
Location: Old Bellevue, WA
18,782 posts, read 17,379,242 times
Reputation: 7990
Anything in the sevens is poor by US standards. It may be ok for Europe, but not for us. After the dot com crash our UE in Washington state was in the sevens and we thought it was a crisis. Four years after the housing crash UE is in the sevens--it's still a crisis.
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Old 10-17-2012, 09:14 PM
 
Location: Portland, Oregon
46,001 posts, read 35,220,208 times
Reputation: 7875
Quote:
Originally Posted by t206 View Post
According to this chart with data from the US Census Bureau, household income adjusted for inflation has fallen each year since 2008, and the last time it was this low was 1995.

Median Household Income History in the United States

Raising minimum wage is only going to either make products/services more expensive and/or even further limit companies from hiring new people, or possibly lay off more people.
That is actually a myth, there has been little proof that raising the minimum wage has had any effect on employment because most places already pay higher than minimum wage. Minimum wage should be set based off state by state needs because each state has a different level for what classifies middle income. If you have incomes set to the lower end of the middle class, you then have those people added to the middle class, you have less people dependent on the government for assistance....unless you are saying you want more people dependent on the government?

Actually based on the link you posted, incomes have been falling since Bush took office....maybe it is time to return to Clinton era policies, that seemed to have the best effect on this country.
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Old 10-17-2012, 09:19 PM
 
Location: Portland, Oregon
46,001 posts, read 35,220,208 times
Reputation: 7875
Quote:
Originally Posted by Gal from the South View Post
That statement by a republican was made almost two years into his failed presidency when it became obvious that he needed to be ousted to turn the economy around.
That is an excuse, the Republicans don't need the president to turn the economy around, they have the ability to write bills and work together to create jobs, if the Republicans cared about jobs they would of worked with the Democrats to get jobs bills passed, but instead they are only concerned with making Obama a one term president and to do that they need the economy to stay bad.
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Old 10-17-2012, 09:23 PM
 
Location: The Republic of Texas
78,863 posts, read 46,690,714 times
Reputation: 18521
Quote:
Originally Posted by Trader8 View Post
Even lower than the Labor Department's 7.8% reading

Wonder if Crazy Jack (Welch) and all the (clueless) con's in the media think they're "cooking the numbers" too?

http://blogs.marketwatch.com/election/2012/10/17/gallup-now-shows-lower-unemployment-rate-than-government/

Dang, Obama kinda shot himself in the foot, by extending benefits to 99 weeks. Had he not done that, unemployment would be in the 5% range by now.
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Old 10-17-2012, 09:29 PM
 
12,772 posts, read 7,990,107 times
Reputation: 4332
Quote:
Originally Posted by urbanlife78 View Post
That is actually a myth, there has been little proof that raising the minimum wage has had any effect on employment because most places already pay higher than minimum wage. Minimum wage should be set based off state by state needs because each state has a different level for what classifies middle income. If you have incomes set to the lower end of the middle class, you then have those people added to the middle class, you have less people dependent on the government for assistance....unless you are saying you want more people dependent on the government?

Actually based on the link you posted, incomes have been falling since Bush took office....maybe it is time to return to Clinton era policies, that seemed to have the best effect on this country.
So two things:

1) Assuming you are correct (which I don't buy without some sort of link and proof) that "most" places pay higher than minimum wage, why do you need to reset the minimum bar. Clearly people are paying what they view labor to be worth to them if they have exceeded the legal minimum.

2) How in the world do you think it is fair that a private employer be required to subsidize a certain quality of life for their employee if that employee is not returning an equal or grater value to that employers business? They are employers and business owners, not charities.

The latter half of those income gains were most likely related to the internet boom, and regardless of what Al Gore says, he didn't create the internet, so he and Clinton don't get credit for the increase in incomes. In fact no president deserves credit for it to tell you the truth. Private industry created those jobs and incomes at those levels...then they proceeded to over inflate, run the companies into the ground, and set the stage for Internet 2.0 which was better managed in terms of growth and valuation. It was all built off the cheap equipment and highly available labor of the crash...had Bush and Obama let the auto companies take the same route, maybe we would be in a similar situation with manufacturing these days, but instead they artificially prop up a failing business model, limit innovation and cause all kinds of problems.
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